♪ hi, everybody. we begin "street signs" with some breaks news for you. the iea is saying that the oil market will reach a balance at the second half of 2016 thanks to supplies in upticking in demand. breaking new ground. the ten-year german bund yield dipping below zero for the first time ever. government paper still highly tradeable. markets down as polls give the brexit the lead. the sun newspaper is saying to

leave from brussels. and terror in paris, isis is claiming responsibility for a stabbing outside of his family home. good morning, everybody. welcome to "street signs." i'm louisa bojesen. glad that you're with us for the next hour. the international energy agency is now saying it expects the oye market to be balanced in the second half of 2016. now, they're saying this as the agency has revised demand growth forecast upwards, and they've noted the significant drop in supplies since 2013. for more, neilagenson joins us. >> we've seen in the first quarter of 2016, significantly

stronger growth in global oil demand than we first expected. we put it up for two months in a row and seen an increase of 1.6 barrels. we have raised our outlook for the year. and we're also seeing, of course, significant fallouts in supply from the other countries which we forecasted for some time. in addition to that, of course, there are the additional outages, the canadian wildfire outages, although that production will resume, of course. but we're also seeing significant shortfalls for nigeria which was unplanned. broadly speaking, the market is close to being unbalanced and we published our first look of 2017 as well. >> that tells us, what? >> well, in 2017, we're expecting the market for the year as a whole also will be fairly balanced. of course, there are uncertainties about whether the

rosier picture for global oil demand that we're seeing so far this year will be maintained. and of course, whether the continued erosion in production from high cost producers in the united states, for example, whether that turns out as per our forecast. so there's a lot of moving parts in the oil supply/demand balance in early 2017. the first impression we have of it is that the market is likely to be balanced in 2017 as well as in the latter part of 2016. >> do you think u.s. shell producers, they're going to be responding more directly to the rise that we see in prices, are we going to see a shift coming from new york america? >> well, that's one of the most difficult questions that we're obviously trying to gram with as indeed anybody else. up read out there, people believe that $50 a barrel or $60 a barrel is the price needed to get to the ramping up again. it may well be that the costs have fallen since we were in the

expansion phase of the share resolution, and it may be that some come back at lower prices. we just don't know yesterday. the u.s. shell industry is a phenomenon that none of us have ever seen before. we just have to wait and see, we're expecting u.s. shell to fall off by 500,000 barrels a day in 2016 and then another 200,000 barrels a day in 2017. but we'll have to wait and see. >> neil, a lot of the volatility happens due to supply disruptions coming from nigeria and libya. is there any idea when we think nigeria and libya will be coming back to the markets in full again? >> well, nigeria seems to have gone into a phase now where the militant attacks on the infrastructure and the military

in general seem to be far more severe and more devastating than the case a few years ago where we also had rebel attacks on nigeria. it's very difficult to call. it does look at least tentativety for the attacks we're getting in nigeria are likely to be sustained for a while to come. libya is more difficult, of course, because production has been very low for a very long time. from time to time, we hear optimistic news from libya that some kind of agreement may be reached that would allow the industry to restart. but for the time being we're not expecting significant increases in production from nigeria or libya. but, of course, were that to change, that would affect our balance for the rest of '16 and '17. but to some extent, those developments are very, very hard to call. >> neil, good seeing you. neil atkinson, ahead of the oil industry and markets division from the iea. you can get involved on the

show, find us on e-mail, streetsigns europe @cnbc. we're also live on twitter, @louisabojesen if you want to tweet us directly during the show. now, another event is takes place this morning, we're looking at this other push lower in bound yields. the bund this morning. the german ten-year bund going to a record low. i first sow minus 0.002. or even further below that now, 0.005 is what we're looking at. richard kelly is from td strategies. he joins us. richard, thanks for being with us. how am i supposed to read this move? am i reading this move as people's nonwillingness for the

central bank to give us more support? how am i supposed to read into what's happening in the bond markets? >> yeah, this has nothing to do with policy, this is entirely fear about how close the eu referendum vote has gotten in the polls and people not looking for risk but safety. >> does that mean that we're going to bounce higher in, what, just under ten days' time after the vote goes through? >> well, i think, you know, as long as that vote goes through and you still have a vote to remain, i would expect 10 to 20 basis points higher on a matter of days with the bund on the back side of that. the risk, and is this why you can't really position on that, is that if that were to fail and the bund camp to win, i'd see bunds traveling in negative 20 to 30 range. >> what's that going to do to

trades, what the the impact going to be? >> you're absolutely seeing the wrong correlation as trades come in, so i don't think anyone is going to be able to divorce themselves from this. there's not a lot going on on the short end of the curve. we'll see what happens with the fed tomorrow. you may have a little bit on the brexit driver as the fed talks up how they want to communicate. they really can't communicate that solid because they have to wait for it to pass. >> yields in the u.s. having hit record lows over the past couple days. the japanese 15-year need, 00.0 for the first time as well. negative territory back in february. fresh record lows once again. do you think that central banks are going to be glancing at this saying we really need to take note with regards to that nervousness that we talk about and push back any expectations,

particularly the fed? is anything before september going to be too early for the fed? >> i don't think it needs to be too early. i think the issue here is they do need to wait until next week and see what's happening. if it passes, it becomes temporary uncertainty. and we focus towards the data on how the labor market bounce back. i do think that july is too soon. i do think we're going to have to wait until september. i think for now, for the next ten days, it's entirely driven by the polls. >> what do you think that trade is? how can i be part of this if i want to trade the moves? >> the problem is, this is such a bipolar move, there really isn't a way to transition. the best move is taking risk off the table and going in here. you have a 20 to 30-day swing, you have a 50/50 chance of either one. this isn't something that you have a normal probability

distribution and you can hedge yourself appropriately, especially in the uk markets. this is the reason why we've seen positioning over remaining long duration and putting -- holding those positions in bund at this point given the uncertainty right now. >> richard, thank you for your commentary. richard kelly head of global strategy at td securities. we've looked at the bond market. let's glance at what european equities are doing this morning. we're lower. the stock share around a percentage point or so. again, as indicated, a lot of this nervousness coming directly from the latest polls in the uk indicating that the leave campaign has been gathering quite a bit of momentum. in particular, the yougov polls

and leading to additional offtrades here in this morning's session. all trading in negative territory. some more than others. the cac down by a percentage point. and the gam warning first high profits could drop 50%. swiss forecast says it's forecast to fall from 1 million francks. they held the sales guidance between 3% and 5%. and they also cut their longer targets for 2020.

shares of nordisk showing that the drug reduced the rate of cardiovascular events by 50%. novo nor disk dropped by almost 5%. meanwhile, outside the stoxx 600 shares, premier farnell have been rocking at daetwylor agreed to buy with a jump seen on the back of that. >> so, going from europe to asia. keiko fujita joins us. good to see you. what do viewers need to know about asian markets? >> good morning, louisa. fears over the brexit market continue to drive the selloff from monday.

currency moves in focus especially in japan. looking at the dollar/yen here, holding at 1.05, just below that one week high. the japanese prime minister saying he would potentially intervene in the markets. in his words he said he would firmly respond if rapid speculative moves persisted. now, he has said that the japanese yen could appreciate at least 2% if the leave camp comes out on top in the brexit camp next week. the strong yen leading to a further selloff in the japanese markets here. you see the nikkei 225. now down more than 4% on the wreak. investigators are now bracing for potential moves from the fed and bank of japan as they begin their two-day meetings as well. they're also keeping a close eye

on it wednesday. back to you. >> thank you very much. now, france's president hollande has said that the killing of the police chief and his partner were undeniably a terrorist attack. the couple were killed outside of their house monday night. citing an unnamed source saying an isis supporter was responsible for the attack. the attack happened after negotiations broke down. coming up here on "street signs," well "the sun" has been speaking, with the eu referendum. i've got a couple to show you in just a second. you're watching "street signs." we'll be right back.

hi, everybody. welcome back to "street signs." i'm louisa bojesen. as said, head into the break, the sun has called on its readers to beleave in britain by voting to leave next week. it said, quote, we must set ourselves free from dictatorial bust brussels. citing they would all be better off if the uk left the union. the two latest polls continues to suggest that leave campaign gathers momentum. another poll done for daily telegraph paper found that 49% of britons would opt to leave with 48% remain. and then the pound we've seen continued pressure on the pound

following this move by the beleave campaign, we've got sterling off by approximately a percentage point. shy of a percentage right now. now, over the past couple of months, we've been speaking to a number of business leaders for their take on a potential brexit. and the impact it might have on investment for the uk. take a listen. >> it's important that the certainty of continued job creation and the perform unanimous we've seen the last few years, that this certainty can continue. >> if the uk decides to stay in europe, i think investment and how it can be decided. if it is not the case, then you will see some negotiation periods starting. and i'm convinced it will last at least two or three years. >> it's about longer term investment decision.

what you're seeing it's postponed or suspended because of uncertainty. if you have a big factory to deal with, a big transaction to make six, nine months down the road, not surprising you might hesitate. >> the biggest issue is the uncertainty, the decision for the uk to exit would create. i mean, we're obviously in favor of consistency and stability. we believe in the benefits of the broader trade zone and we would prefer to see that continue. >> i think brexit would give the world and especially europe more uncertainty. because brexit is not in a position for outcome and how it will end up later is clear. brexit would be the start of a journey that the outcome is not well defined. and we don't need more uncertainty in the world at the moment. >> yes, there's some different thoughts from some of our guests. we have a g10 researcher joining me in the studio. hi. you see "the sun" again.

"beleave in britain" is the front page of "the sun." they're urging everyone to leave. we must set ourselves free from dictatorial brussels. the article goes on to say that the 43-year membership to the union is increasingly bullied breathtaking and incompetent in the crisis. no wonder the pound is down. >> that's the key driver. and likely to remain the key driver and that means investors should be very cautious in the near term when it comes to the outlook for the pound. eventually what we're going to see this week and going into the referendum next week is the potential, really, evolution of what is a european affair. brexit is certain at the moment, remains mainly on the pound for europe. scandinavian currencies that may

well grow into a global risk. that's a risk that will be dismissed for so long actually a pretty significant risk. and not add on the pileup of existing threats. like slow recovery and indeed lack of any public response. ultimately, the next chute to drop with the pound may be other correlated commodity currencies, as they join that, threats outside of europe and fits the more vulnerable currencies. >> we're seeing asset classes like the debt with the moves below zero and the bund, for example, and other bonds as well. how low do you think the pound can go before people say it makes sense to start stepping in again? regardless of which way the vote goes, and does there have to be this prolonged exist attention afterwards? >> it seems that it's a point of growing like it would with

brexit, and that's consistently the price of the pound. at the moment, if anything if you think of the latest moves and you compare it to where we started from, ultimately, the pound is pricing in at the moment, somewhat greater than 50% chance of brexit which again is consistent with the latest polls. a drift in the polls in favor of brexit continues. the part to even revisit below 140 for sterling. it's really up to the voters and ultimately the polls at the moment. so, if anything, if the polls continue to signal that brexit is indeed the preferred option, it may as well breach the low. it's probably about probability. >> we're 141-40. >> it it can breach 140, it can be what's happening in the poll continue to extend next week.

from the pound moves at the moment, you look at the trade index, it's suggesting that the fx market is touching probability of 50% or higher probability of brexit at the moment. >> and euro sterling? >> euro sterling, currently risked in at higher levels than before. i guess what investors are deliberating at the moment the extent to which a weaker pound should ultimately mean weaker euro as well. we agree with that. we do expect europe to come up in the event of brexit. with that said, we do think that euro sterling may extend its gains in the event of a potential brexit towards 85, 86, even higher. so that should keep any downside, in the indication of euro dollar fair limited to 110, 108. >> we got theson, boj, bank of japan, all meeting this week.

are we getting any clues? >> our idea is they will be hiking next month, our view is that there will be no brexit. in terms behalf we expect the message will be, there will be a call that indeed the data is warranting, tightening in months and conditions. and that will be contingent upon really the brexit vote. or indeed, if brexit is avoided to a hike. and made clearer by the fed chair. on the whole, i think the bigger impact on the markets now would be that's going to ask is that growing global uncertainty. the fact being brexit with uncertainty on already existing global risks. so far, the one thing propping up the markets is indeed the central banks is directed by likes of yellen and draghi and kuroda. the meeting this week suggests that may be there.

but there's no additional support coming to help the markets anytime soon. and may actually ask for headwinds from currency. >> how about that fantastic nonpayroll numbers we saw wouldn't it make sense for the fed to wait until at least september? >> well, our call is july. obviously, weaker trend. retail sales quite important. investors expecting weaker in may compared to april. all of that may warrant for more patience. and if you ask me, a personal view here, i think the fed would likely be cautious. if anything, however, in the current environment, cautiousness only contributes to that sentiment, relative to an improvement. or in any way address that issue. as regards the payroll. i think what's worrying for investors is the fact that that particular print may be another agency, it's coming on the back of business investment, deteriorating business

sentiment. and the labor market is the last market to deter. >> thank you very much for your time this morning. now, euro's 2012 beaten finalist italy kicked off this year's campaign with a 2-nil win over lackluster belgium last night. the side showed superior organization over the much fancy belgiums pushing them ahead after the half hour mark. southampton's pelley pushing the win. elsewhere, spain downed the czech republic 1-nil. and today's fixture sees the last two games of round one with austria taking on hungary and portugal facing iceland as well. some further exciting games, no

doubt, later on this evening. incidentally, heading into break, check out the european trading day. i'll be back with many more guests. feel free to participate, always nice to hear from y you @streetsigns.

hi, everybody, welcome back, you're still watching "street signs." i'm louisa bojesen. your headlines, breaking new ground, the ten-year bund yield dipping for the first time ever. global markets on edge. fresh polls giving the brexit campaign the lead. "the sun" newspaper is urging the uk to free the uk from, quote, dictator brussels. and terror in paris, just

the day after the massacre in orlando. isis is claiming responsibility for the stacking of a french policeman outside of his family home. hi, everyone. welcome back to "street signs." as usual, we've got a packed show for you. we're just sitting tight waiting for the uk may inflation data. uk may cpi unexpectedly holding steady at plus 0.3%. the biggest indicators to the cpi were clothing and footwear, and beverages. upward contributors were transport, restaurants hotels, among other things. so we're looking at a may cpi level of plus 0.2%. month in month. the poll is quite a bit higher for the month on month level.

and call producers on prices exactly zero on the month percent higher year on year which is a tad bit lower than anticipated. again, may cpi unexpectedly holding at 3%. in the debt markets, we've been looking at the bund this morning. as we move below zero, a record low for the first time ever. we've seen similar moves happening in the japanese 15-year yield, the 10-year yield falling below zero. the u.s. ten-year at multiyear lows as well. just seeing a gap between the german and spanish. italian, portuguese. the irish ten-year bund yield is the widest from reuters. we're seeing big old widening spreads happening on these bond trades. now, the international energy agency is saying that it

expects the oil market to be balanced during the second half of 2016. this is the agency that revised demands upwards. and they noted the first significant drop in supply since 2013. brent currently lower by 1.5%. trading just shy of $50 a barrel. and somewhere shy of 50. keeping in mind, u.s. count rising for the second day in a row. i was looking even further back, when we put it all together, the number of u.s. oil rigs in operation is still 48% lower on a year-on-year level. keep in mind the levels we're coming off of when looking at some of these current moves. when it it comes to the european markets, we're lower across the boards. all of our european trading in negative territory. and the u.s. futures, a brief

glance there, five hours away from the open state side. and we're being called just slightly lower. ♪ yeah, "deal talk" microsoft is acquiring linkedin, the biggest purchase in microsoft history since the new ceo at the helm. shares of linkedin fell on the news. nadella telling us it's a new drive for the company. >> we've been talking about this together for a while. for me, this is the next phase of growth for microsoft. of course, we can do things in terms of swelling gration but we're ahead in terms of opportunity and business process. and network. it's a tremendous opportunity to

expand our ability to grow. >> the head of research at manhattan venture partners joins us live in the cnbc headquarters. senta, good to sigh. see you. >> good morning. >> people are scratching their head saying what's in it for microsoft compared to linkedin? >> hi, thanks for having he. i think it's a win-win proposition for both of them. i think both of them benefit, more so linkedin, as you saw from the last quarter numbers their revenues were kind of slowing. the growth engine was kind of slowing down according to growth initiatives. and microsoft is always looking for an edge. they're very big. and they've not had a big track record in terms of acquisitions but in this case, i think this will make sense because satya is

a different type of ceo, he seems to know exactly where he wants to go to take microsoft. they can really take linkedin's professional network and blend it better with microsoft. you can see a lot of synergies down the road with both of them together. >> i have a note here from richard windsor at radio free mobile, he points out at $26 billion this is a very expensive transaction. which a lot agree with. is microsoft focusing more on enterprise, is that the direction that they're trying to include more of in their portfolio? >> yeah. i think if you're looking for a financial rationale in this deal, you're not going to get it. it is on the expensive side. but it's nothing for microsoft. it has $117 billion in cash.

and a $26 billion deal does not really move the needle that much. in terms of financials -- and even on a financial basis, it's 15 tiles 2016, not very very unreasonable that it's going at 25%. so think you can find find justification for making this deal. what this deal does is really fill holes in mike crosofmicros. it goes to mobile and the cloud side. and more importantly, it enhances its social presence. i think that's where microsoft is lagging, they don't have a good social presence. three important areas for microsoft, official, mobile and cloud, i think linkedin fits well in that portfolio.

>> does a deal like this make it more likely that we might be looking at an acquisition for twitter? >> yes, twitter has been on the table for a long time. it's been rumored of an acquisition for a long time. i think people of the day. but can they survive on their own. that's being questioned. i can make a case for google buying them. i can make a case for facebook buying them. this acquisition, this deal, becomes more and more realistic. and i pick out yahoo! because yahoo! is one of the bigs i think that's out of the question. with facebook and google, you can see someone making the run for twitter. even microsoft, they have the money if they need to. >> thank you very much, heading of research at manhattan venture

partners. and staying in that space, microsoft has unveiled not one but two xbox consoles at the e3 gaming conference in los angeles. they've unveiled a smaller, faster xbox 1 which is called the xbox 1-s available in november for $299. and project score scorpio, a plan to release a gaming congoal by 2017. france's president hollande said that france, quote, faces an extremely dire threat. the islamic state news agency citing an unnamed source said an isis fighter was responsible for the attack. the attacker was shot dead by elite police after negotiations broke down. >> translator: this is decidedly an act of terrorism because the

perpetrator who was neutralized thanks to security services himself wanted his act to be recogni recognized as terrorism. president obama will be traveling to orlando on thursday to pay his respects to the 49 people killed in the deadliest shooting in america. 43 are still in the hospital in grave condition. nbc's leann gray is on the scene. leann, bring us up to date with the latest. now, it turns out that the shooter was claiming links to a number of groups, is that correct? >> reporter: yes, that's right, louisa. the investigators are still continuing to try and collect evidence, it's just down the street. they've started an extensive recreation of that scene so they can better understand what happened. they're also learning more about the gunman, the fact that he had been sending messages on an

online gay dating site. and that he had been seen at the bar, which say gay bar several times. it's the bar where he opened fire. the weapons that he used, he purchased legally, a little over a week ago at a gun store in fort pierce, florida, mateen was under a federal watch list, while under investigation for comments he made about terrorist connections. if he had tried to buy a gun then, the fbi would have been notified. but the close had been closed, so notification was not required. agents say they are confident he was self-radicalized most likely through the internet. and the attack appears to be homegrown terrorism. there have been vigils all across the country to honor and support the survivors and victims. thousands of people gathered last night in downtown orlando. and you mentioned president obama plans to come to orlando

on thursday to pay his respects to the victims. louisa. >> thank you, very much, leanne, leanne gregg joining us live from orlando. coming up on the show, we'll be talking much more about market positioning. we'll be talking politics as well. and also, is it a fantasy match made in heaven or partnership doomed due to regulation. we'll take a look at the latest surrounding fan duel and draft kings. that's just in a moment.

welcome back. you're still watching "street signs." i'm louisa bojesen. donald trump has attracted a lot of attention for his commitment to build a wall along the mexican border. our next guess says that proposal might not be the best conversation of action. jamie anderson is managing

principal at tiara funds. i want to give a background to what exactly it is you do. you offer american real estate eft. you're the only person to invest in american real estate based in mexico and brazil. from an economic point of angle, why is it that you think that this doesn't is make sense. >> well, we think -- and thank you for having me on. we think from an economic standpoint, investors continue to look through the election year politics associated with statements around building a wall and ceiling off the border. that's borne out by several -- several themes that we continue to monitor very closely,

especially microeconomic themes. >> there are lots of borders that have sections globally, in fact, i tweeted a picture of walls that have been built in other places. and continues to be in the planning stages of being built. you could argue that trade will still go on, that there will be other avenues that will be found. that you'll manage to, in some ways maybe, if you take that perspective, that you might actually be able to see a very thriving, more domestic focused economy? >> yeah, well, the data doesn't really corroborate that, for example, last year in 2015, 183 million people crossed between u.s. and mexico. that's just on the land border. we saw 75 million automobiles cross between the u.s. and mexico. 42 million pedestrians. something on the order of 1 million rail train containers.

i mean, there's a massive exchange of commerce between the u.s. and mexico. mexico is the number three trading partner of the united states. in all of these sections, we already have a wall, right? so, it's not a new issue. i think that the broader issue, quite frankly, is border security. but that's a separate discussion from the economic opportunity that is currently being borne out by the data between the u.s. and mexico. for example, in the first quarter of this year alone, mexico saw record foreign direct investment. >> i was reading a book about how demographics are changing and how areas like mexico, that they will become the country as it other countries will want to deal with tomorrow because of the realization that we need workforce, we need to see thriving economies that come from jobs.

and jobs are going to be very scarce in the future, given the drop in demographics. do you think that economies are planning for this? >> well, mexico is quite unique in that regard because of its location to the united states, and you are absolutely right. the long-run demographic opportunity in terms of the consumer economy in mexico is very robust. 20 years ago, there really wasn't an upwardly mobile middle class. today, it is burgeoning. it is unbelievable the degree of entrepreneurism that you encounter in mexico. that's why we think that real estate is an ideal to capture that growth. not only from a yield standpoint but fraalso from a long-term demographic growth. things like apartment buildings. five years ago, you didn't have apartments in mexico. now, you do. >> what does foreign direct

investment look like towards mexico now? >> sure. so foreign direct investment has been running increasingly larger. right now, it's running about 2, 2.25% gdp. first quarter of this year was about $8 billion. foreign directed investment is broken down to 45% manufacturer investment. that could be automobile manufacturers, et cetera. actually 25% of foreign direct investment is into domestic financial services. and that should tell investors something, right? these are investments into financial services serving the consumer economy. the internal economy. that's where the growth is. >> jamie, thank you very much. jamie anderson, managing principal at tierra funds. european equities still

trading in negative territory. we're at lows at the moment. stoxx 600 off by just over 1.5%. we've seen bund yields for the first time ever reaching record lows below zero. very much a risk option. you've got expectations that the ecb is going to continue to aid, if need be. and you've, of course, also got all of these worries with regards to potential brexit. so that's one of the reasons why we're seeing this risk option. sterling against the greenback at 130.32, moving into trade as well. president obama -- excuse me, the attack in orlando has become a new point of polarization for congress and for presidential candidates hillary clinton and donald trump. nbc news' edward lawrence is in washington and he joins us. edward, good to see you this

morning. we now know more about the actual shooter. we have still yet to hear from a number of leaders with regards to what happens next. president obama, though, remaining firm on his stance. >> exactly, louisa. right now, in fact, the president will meet later on today with his national security council. he's going to get an update on possible terror links in that investigation with omar mateen. he's also going to get a plan going forward on how to future defeat isil or isis going forward. the president was briefed by the deputy director of the attorney general's office plus his director of the fbi and secretary of homeland security. now, the president hopes to get a plan going forward. he is expected to speak later on today in about four or five hours after that meeting with his national security council. so, we should have a better idea what the better hopes to do going forward. this attack or massacre in the united states has actually turned political today.

with democrats and republicans going down party lines of gun control. the debate is changing. president obama came out yesterday saying he would like to see a ban on assault rifles. so did hillary clinton. donald trump countering that saying what they would like to is secure america. what he would like to do is stop all nations who have had issues with terrorism and figure out how to deal with those folks coming into america to determine if they're a threat to america. >> i was listening to the radio this morning talking about that, asking whether that includes people from northern ireland, for example. immigrants from northern ireland, immigrants from spain. omar mateen. we now know -- we think we know was radicalized online. there's no waif banning beyond. u.s. officials saying there's no indication that isis had trained or instructed him either. how is this discussion, as it continues, how is it going to play out in the continued

presidential race as well? is this going to benefit trump? is it going to benefit hillary clinton? >> it's one of those things that remains to be seen. there was obviously the shooting in san bernardino which was obviously an attack on u.s. soil. again, that gun debate came up and it doesn't seem to hurt the republican or democratic party. as far as the actual investigation goes, the fbi says they actually surveilled mateen in 2010. in 2011, 2012, he went to saudi arabia on a limited hajj, they believe, however, those days he was over there, they don't know exactly what he did some he was in saudi arabia. and the question from donald trump also brings up the fact will folks from saudi arabia be allowed to enter the united states. there's a lot to be fleshed out on what he is proposing for this. it has some folks in the united states worried. others say it's something that

we need to do to secure the borders and figure out how to go from there? >> interesting. edward lawrence from nbc news. as usual, we welcome your comments, "street signs" europe @cnbc.com. there's a great opinion fees in "the guardian." take a read. i may tweet is later on. apple has opened its doors. wilfred is live from cnbc headquarters to explain. what does this mean, wilfred? >> good morning, louisa. apple rolling out the upgrades to iphone, mac, apple tv and watch. it's rolling out mac os sierra. and siri. and also worth noting more siri integration and single sign-on is coming to apple tv.

aapple mobile tv would allow siri to work with many third party apps. it will feature upgrades to photos and text messages. the tech giant releasing an overhaul of its services. now with 15 million subscribers. many new features and upgrades will be available. shares of apple up 7%. but the stoxx reports still reports down around 24%. broader markets right now, 0.2, 0.3% tracking international equities as well. louisa. >> i know there was a lot of fanfare with the better use of emojis and communicating what you're trying to communicate, right? you can say, i'd like a pizza. the driver of apple for the future. alongside with what microsoft is doing with linkedin now.

what are people saying with regards to the bigger deals being done? >> well, yeah, of course, the linkedin deal grabbed a lot of attention yesterday. initially, people are wondering whether the price is a bit high and whether they it needed to do it. i think it's very much more about the cloud and the software which linkedin develops itself. a lot of people aren't aware of the main feature of linkedin that we are aware of having your business profile up. i think it focuses on the software side of things. of course, it immediately got people asking the question will someone buy twitter. and apples, it's been moved as a possible buy but not twitter for other companies but as we've seen in the past with apple, they're open to doing sort of 1 billion, perhaps $2 billion size investments into smaller companies but not these mega mergers, the likes of what microsoft has taken on yesterday, or the announcement

of which. we'll have to keep an eye on whether apple gets involved. microsoft yesterday and linkedin one grabbing headlines. >> do you use predictive emojis? >> predictive ejojis, i wonder if people use it too much. we've got to use the proper language as well. emojis are fun at the end of the sentence but to work them in the sentence is very direct. >> with my friends, if they're putting 16 smiley faces and you don't, you just look really sour, right? >> well exactly. and it makes it look like you're being very blunt with your reply. you've got to move with the times. i always try to, but a decade too late. but i'm not putting them in in the middle of my sentences yet. >> no, no. wilfred, thank you very much.

daily fantasy companies fan duel and draft kings in early talks. over stakes of whether or not the daily fantasy games constitute legal gambling. and the shares in baidu slipping after the company cut its revenue forecast saying many of its health care customers delayed or cut advertising adding that sponsor links on its platform had also hurt its forecast. that is it for today's show, "worldwide exchange" with wilfred is up. have a lovely afternoon.

good morning. global market alert. the german bund deal goes negative for the first time ever. >> the countdown to the brexit vote. momentum swinging toward the leave camp. and the latest polls, betting odds are narrowing and global investors are taking notice. a roundup coming up next. and don't forget the fed. janet yellen for the much promised meeting. it's tuesday, june 14th, 2016, "worldwide exchange" begins right now. good morning, welcome to "worldwide exchange." on cnbc. i'm sara